• Salvatore Ferragamo posts sharp decline in turnover and profit

    12 days ago - By Fashion United

    As of June 30, 2020, the Salvatore Ferragamo Group reported revenues of 377 million euros down 46.6 percent at current exchange and 46.9 percent at constant exchange rate. Revenues in the second quarter registered a 60.1 percent decrease at current exchange and 59.4 percent at constant exchange rates. The company said in a statement that the drop in revenues has been determined by the rapid diffusion of the pandemic caused by Covid-19.
    In the first half, the company's gross profit decreased by 50.5 percent to 226 million euros. Its incidence on revenues was down 480 basis points, moving to...
    Read more ...